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Yep, we will know more after the conversion.
I am curious to see your explanations in details to argue what to claim.
impatient to see your arguments.
Why create a holding company ?
A holding company is usually set up for one or several of the following reasons:
1) Ensuring unity and control as well as organisation of an international group of companies
A holding company can ensure the unity and control of subsidiaries established in different countries.
It allows group consolidation and management of turnover in order to benefit from the dividends of successful subsidiaries to develop or support subsidiaries in need.
Within this framework, a holding company can set up a pooling system for the capital of different subsidiaries.
A holding company can also be created by the founder of a group in order for the holding company to maintain the majority of voting shares allowing the company’s continuity in the face of certain heirs eager to benefit from the death of the founder. In this sense, it acts as a stabilising power and the guarantor of security for a family group that faces a transfer of ownership due to death of founder.
A holding company can also help maintain the control over group in the founder’s hands during development operations.
2) Creating a financial leverage to promote and enhance the transfer of businesses
Funding of a new company or a company going through a restructuring process may be difficult.
Setting up a holding company that seeks a global credit line allows it to finance, according to the needs of its subsidiaries, those most in need, who wouldn’t otherwise easily secure a credit, especially at this time.
On the other hand, a businessman may decide to offer limited ownership of securities of one or more of its subsidiaries to their children, provided they bring this asset to the holding company. During the lifetime of the businessman, he has, through the right of ownership that he has retained, the voting right and therefore the power. After his death, the right of ownership disappears in favour of the holding company whose shareholders are the person’s children.
From that day, the children, via the holding company, own all the rights linked to the shares held by the holding company. Fiscally, depending on the country of residence of the persons concerned, this is often an excellent tax optimisation opportunity.
3) Balancing the internal or external growth policies or the distribution
The expectations of shareholders can differ greatly. Some expect the dividends, others, on the contrary, want to invest the received revenues into new developments or the improvements of funds.
To satisfy the latter aspiration, those shareholders seeking to invest, set up a holding company.
In this case, the original company sets up a distribution policy that meets the expectations of shareholders waiting for dividends, while the dividends paid to the other group are transferred to their holding company. As this holding company begins to operate, they can invest in the original company through the increase of capital that will strengthen their power in the original company.
Similarly, in view of an initial public offering (IPO), new shareholders are often eager to receive the dividends in addition to looking for capital gain. In this case also, the original shareholders, anxious not to interfere with the company’s financial performance, can create a holding company in order to collect the dividends that will be reinvested in the subsidiary.
The creation of a holding company is, as we see, the way to reconcile different expectations in terms of distribution and financial performance of a company.
4) Optimising tax
Enterprises, as well as individuals, find holding companies useful because of the tax advantages they can receive, not only linked to the activities of pure holding companies but also linked to the activities of mixed holding companies.
Certain holding companies offer very low or none at all on trading operations performed outside their territory. These companies are used for trading operations or triangulation. Many groups and individuals use them and they are sometimes used by the same states that are their biggest critics.
John Maynard Keynes said: “The avoidance of taxes is the only intellectual pursuit that carries any reward”. With such a backer, we wouldn’t dare criticise those who seek to reduce their taxes by legal means.
The question is different when the mechanism used aims to hide the taxable income from tax authorities in one’s country of residence. Ever since anti-money laundering legislation’s been introduced, first applied to the field of drug trafficking and later extended to almost all other crimes, the crime of money laundering, that invariably accompanies tax evasion, makes this activity ever more dangerous.
The exchange of information between tax authorities which tends to increase, driven by the urgent needs of states to recover a maximum tax does not facilitate this type of behaviour.
Fortunately, there are still, with the help of sober-minded legal and tax advisors, many legal ways to optimise one’s taxati
http://www.holdingcompany.com/definitions/holding-company-why-creation.html
I think we need some update about this point. Maybe this holding is owned by the fouders and the new partners ???? less taxes ???
if they have a link I guess it is for a good reason, to have some benefits.
WSGR is here to manage the legal situation.
PWC is here to see if everyone work well.
So I am not worry but I would like an update to know.
Inwithcorp would be an affiliate of the Inwith holding ??
I dont know if the second company named "inwith" has a link with them, it needs to read the status of the company.
do someone has read the status ?
I dont see a big run except if a big news happens when epgl is still trading.
SMART CONTACT LENSES MARKET WILL BE FIERCELY COMPETITIVE IN 2023; SAYS SAMSUNG, SONY, GOOGLE
http://www.abnewswire.com/pressreleases/smart-contact-lenses-market-will-be-fiercely-competitive-in-2023-says-samsung-sony-google_184423.html
As I said I guess they wait for the conversion before to show the new Inwithcorp website, at this moment they will show the informations that we can see on the source page, I suppose there are not all the informations they want to show, they are just a part, imo.
Wait a little, see the conversion and see the new website with informations, it will be interesting.
Inwithcorp is just a shell for the moment, I guess they wait for the conversion, it will be official that epgl is now Inwithcorp so they should take care of the website at this moment, not before. .
"behind" the scene there is a big partner.
"IRVINE, CA--(Marketwired - Oct 12, 2017) - EP Global Communications, Inc. (OTC: EPGL) In a first for EPGL since acquiring 100% of its ophthalmic IP portfolio, one of the world's leading multi-billion-dollar public companies, in a brand-new relationship for EPGL, has made EPGL technology and its patented Elastic Circuit technology as the choice for a closely guarded and proprietary development of a new contact lens prototype to undergo FDA testing as early as next year. This goes beyond a right of first negotiation to now having EPGL technology at the center of a commercial project that addresses a multi-billion-dollar market in the field."
http://www.marketwired.com/press-release/epgl-contact-lens-technology-chosen-for-development-by-first-major-public-company-otc-pink-epgl-2236992.htm
six months now, once the conversion will be done we should have news about their development with this big partner. maybe they have progressed very well in six months and are now in an other good step.
I am not sure they changed in exceptional parents twitter account because I guess this twitter account was created in 2008, before the new epgl.
The old epgl (exceptional parents) does not exist since 2012 and the new epgl should not exist anymore soon.
Anyway Epgl does not exist anymore, it is planned to be like this, now it is the turn of Inwith. It will come soon.
false there is an Inwith twitter account.
https://twitter.com/inwithcorp?lang=en
And the new transfer agent is certainly progressing, it takes time to do the conversion, I guess.
"$InWith has signed Broadridge Financial Solutions, Inc. as stock transfer agent. "
Soon....
I understand very well the role of PWC who manages the shares of AJW, they were appointed by justice in a context of liquidation of AJW.
BUT PWC is there to protect the interests of the AJW creditors so they certainly make their possible to see if everything goes well, they manage 40% of the shares. So they know what they do, what is good for the AJW creditors is good for retail shareholders.
now it is the turn of Inwith with a big partner with which they will build a prototype, maybe they have begun since last year, nothing is over, everything begins.
or a success story thanks to Pwc, thanks to the Coopervision partnership, thanks to WSGR.
That is why a lot keep their shares to follow this story.
Look at the show soon.
it is not finish, conversion should be done soon, the story will continue with Inwith.
I think there is an explanation why they dont release the Q. Maybe it is not required by Finra and has no incidence on the conversion process ?
Still wait for the conversion soon, it should be good, Wsgr and Pwc are here to monitor the situation.
" Because of logistics, we are behind schedule by two weeks estimated."
They tweeted that the april 5th, so I guess we should have news about conversion in the end of the week or in the beginning of the next week.
Does the fact they didnt release the last Q of Epgl could create a problem with the conversion according the Finra ????
remember when it has been said the same thing with the coopervision partnership ? and finally it was true.
"IRVINE, CA--(Marketwired - Oct 12, 2017) - EP Global Communications, Inc. (OTC: EPGL) In a first for EPGL since acquiring 100% of its ophthalmic IP portfolio, one of the world's leading multi-billion-dollar public companies, in a brand-new relationship for EPGL, has made EPGL technology and its patented Elastic Circuit technology as the choice for a closely guarded and proprietary development of a new contact lens prototype to undergo FDA testing as early as next year. This goes beyond a right of first negotiation to now having EPGL technology at the center of a commercial project that addresses a multi-billion-dollar market in the field."
http://www.marketwired.com/press-release/epgl-contact-lens-technology-chosen-for-development-by-first-major-public-company-otc-pink-epgl-2236992.htm
six months now, once the conversion will be done we should have news about their development with this big partner. maybe they have progressed very well in six months and are now in an other good step.
"Folks will discover this soon enough... "
it has been 6 years that the same idea is reported here that they have nothing and will developp nothing. You ignore Coopervision partners in R&D, you ignore patents, you ignore JNJ agreements, you ignore the next big partners, you ignore the next raising capital, the involvement of WSGR.....
Yep it is very frustrating to not see the conversion, to not see the news about the big partners and raising capital, it is not a reason to say they didnt do something. we are not behind the scene, but we will know what happens step by step.
please Wait for the conversion before saying it wont happen.
the goal of the shareholders is only to follow the Inwith goal which is an Ipo, but a buyout could happen before.
Coopervision, JNJ, AT&T, WSGR, PWC are not scams and are in the Epgl story. Soon the Epgl story will continue thanks to Inwith after conversion of epgl shares, Epgl assets, Epgl IP will survive in Inwith.
Once conversion is done we could see updates,news, website,....
it will be green consistently with Inwith Hulk.
Go Epgl, become an inwith Hulk
Maybe we should add the Ulsan National Institute of Science and Technology in South Korea who have prototyped and tested their device on rabbits - and reported that it causes no adverse reactions.
https://www.sciencealert.com/smart-flexible-contact-lens-monitors-glucose-real-time-diabetes
well, well, in fact I am not against this idea and I am aware of the race and of the multiple future applications but it is frustrating to see the developments and partnerships of the competitors.
I am so curious and impatient to see the next developments and partnerships of Inwith thanks to their breaking technology.
Go InWith.
"This board is a discussion board about companies that are working to put BioMem technology into the human body within the next few years. Currently, the main focus is on SMART CONTACT LENSES."
so it is not anymore a board concerning only Inwith ; it is more general ; why this change now.
"Schedule was before or at end of March so 15th "
More exactly schedule was from March 19 to March 31, but I prefer to base my expectations on the date of the tweet ( april 5) because there were some delays.
So I would say on 19th or 20th but if it is around 15th I take it.
Anyway it does not matter it will happen soon, that is the most important.
Go.
"Because of logistics, we are behind schedule by two weeks estimated."
tweet april,5.
So we can estimate it will be over around 20th April.
Go Epgl -Inwith.